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Report Date : |
04.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
MADO COMPANY |
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Registered Office : |
-- |
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Country : |
Iran |
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Date of Incorporation : |
-- |
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Legal Form : |
-- |
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Line of Business : |
Supplier of industrial machineries. |
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No. of Employees : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Company not registered in Iran Registry |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Iran |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
IRAN - ECONOMIC OVERVIEW
Iran's economy is marked by statist policies, an inefficient
state sector, and reliance on oil, a major source of government revenues. Price
controls, subsidies, and other distortions weigh down the economy, undermining
the potential for private-sector-led growth. Private sector activity is
typically limited to small-scale workshops, farming, some manufacturing, and
services. Significant informal market activity flourishes and corruption is
widespread. New fiscal and monetary constraints on Tehran, following the
expansion of international sanctions in 2012 against Iran's Central Bank and
oil exports, significantly reduced Iran's oil revenue, forced government
spending cuts, and fueled a 60% currency depreciation. Economic growth turned
negative in 2012 and 2013, for the first time in two decades. Iran continues to
suffer from double-digit unemployment and underemployment. Lack of job
opportunities has convinced many educated Iranian youth to seek jobs overseas,
resulting in a significant "brain drain." However, the election of
President Hasan RUHANI in June 2013 brought about widespread expectations of
economic improvements and greater international engagement among the Iranian
public, and early in Ruhani's term the country saw a strengthened national
currency and a historic boost to market values at the Tehran Stock Exchange.
|
Source
: CIA |
Company Name: MADO COMPANY
Address: Unknown
Tel: +98 251 3342 398
Mobile phone:
+98 912 3530050
Fax: +98 21 33530050
Website: www.uav.ir
E-mail: info@uav.ir
Company was originally started as an on -
Current Legal Form: -
Registration Address: -
Registration Number: -
Registration Date: -
Registration Town: -
National id: -
Capital: -
Share No: -
Share Value: -
Paid Up Capital: -
THE COMPANY IS NOT REGISTERED IN IRAN REGISTRY.
No Data
Name: Mr. Ali Ghoreyshi
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Houman Abtahi
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Supplier of industrial machineries.
Local Reporters consider the investigated company to be Small in their field of concern
Company Employs: 4
Sales: 100%
Nationally
Sales to: Group companies, General Public
Sales Term: Cash, Bank
Transfer, accept credit, Letter of credit
Vehicles: 2
Operates Form:
Rented: Office
Location: Central
Business Area
No Data
Auditor: -
Solicitor: -
Imports From: China, India
Importing Terms: Bank Transfer
Import % and type of product: 100% Finished Goods
Export % and type of product: Subject does not export
No Related companies
Subject's payments reported to be: UNKNOWN
Following to
the interview with Mr. Ali Ghoreyshi (Manager), he refused to give us the address of the company.
The company is not registered in Iran.
Local Reputation:
The company being investigated is considered by local reporters to be a High
Trade Risk and To Be Secured.
Owner/Shareholders Comments:
None of the owners / shareholders have an active participation in the running of the business.
Age of Business: -
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.21 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.80.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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Report Prepared
by : |
NNA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit
risk exists. Caution needed to be exercised |
Credit not recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.